Equity Ownership and Performance: An Empirical Study of German Traded Companies

Corporate governance has been at the center of interest in the corporate- nance literature for the past decade. The discussion has continuously int- sified due to the occurrence of multiple corporate governance failures which have triggered the introduction or further refinement of national and inter- tional corporate governance codes. The necessity of regulatory action however rests on the need for a sound understanding of potentially negative effects of ownership structure on financial pe...